MANAGEMENT BY OBJECTIVES Definition

Bookmark and Share

MANAGEMENT BY OBJECTIVES (MBO) is a management theory that calls for managing people based on documented work statements mutually agreed to by manager and subordinate. Progress on these work statements is periodically reviewed, and in a proper implementation, compensation is usually tied to MBO performance.

Learn new Accounting Terms

CURRENCY TRANSLATION see FOREIGN CURRENCY TRANSLATION.

VARIABLE INTEREST RATE is an interest rate that moves up and down based on the changes of an underlying interest rate index, e.g. a credit card might have a variable rate that is a certain spread over the prime rate.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.